Radical Uncertainty, with Mervyn King, John Kay and Jesse Norman
Intelligence Squared
00:00
The Illusion of Control: Lessons from the 2008 Financial Crisis
This chapter explores the unforeseen volatility of financial markets, particularly in light of the 2008 financial crisis. It emphasizes the flawed belief in complex financial instruments as tools for risk management and draws parallels to the fragility exposed during the coronavirus pandemic.
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